Personal Finance
Latest Personal Finance News
Does Contributing to a 401(k) Reduce Taxable Income?
If you have a retirement account, you are probably wondering, does a 401(k) reduce taxable income? The short answer is…
I Have $1.2 Million in an IRA and Will Receive $2,000 Monthly From Social Security. Can I Retire at 67?
If you’re sitting on $1.2 million in a traditional IRA and expect to receive $2,000 per month from Social Security,…
How Much Should I Have in My 401(k) at Age 40?
By age 40, many people begin to evaluate whether their retirement savings are on track. While there’s no single benchmark…
How Much Should I Have in My 401(k) at Age 35?
You may be well into your career by age 35 but still years away from retirement, making it a common…
Why Do Financial Advisors Offer Clients Annuities?
Some financial advisors promote annuities because they offer tax deferral, guaranteed income, or principal protection. But while these features can…
Trump Tax Plan Auto Deduction
Under the One Big Beautiful Bill Act interest paid on certain car loans would become tax-deductible. If you purchased a…
Breaking Down Inflation Under Trump vs. Biden
Inflation under Trump and Biden reflects two very different economic backdrops. During Trump’s first presidency, inflation remained modest, with rates…
What Disqualifies You From the Earned Income Credit?
The earned income tax credit (EITC) offers support to low- and moderate-income workers, but certain conditions can make you ineligible.…
Do You Have to Pay Taxes on Rebates? Rules and Examples
When you score that great mail-in offer or discount, you might wonder: Do you have to pay taxes on rebates?…
What Is the Average Social Security Check at Age 66?
Social Security is a key source of income for millions of retirees. And knowing what the average Social Security check…
